M&A · Financials · State Commercial Banks
Global Credit Union to acquire First Financial Northwest, Inc.
Announced Jan 11, 2024 · Closed Apr 21, 2025
Deal value$218M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$23.75 per share
Transaction
- Acquirer
- Global Credit Union
- Target
- First Financial Northwest, Inc.
- Buyer type
- Strategic
- Offer price per share
- $23.75
- Enterprise value
- —
- Status
- Closed Apr 21, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Janney Montgomery Scott
Sector context · Financials
- Comparable deals
- 57 in the prior 24 months
- Premium
- Sector median 34.5%
- EV / Adj. EBITDA
- Sector median 17.6x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedJan 11, 2024
- Proxy filedApr 19, 2024
- Definitive proxyJun 7, 2024
- Shareholder voteJul 19, 2024
- ClosedApr 21, 2025